Buying Swing: protecting 530 calls profits by buying 530

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
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MMASSASSIN
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Buying Swing: protecting 530 calls profits by buying 530

Post by MMASSASSIN »

Buying Swing: protecting 530 calls profits by buying 530 puts at 1.97-2.10 same contract amount as the calls creating a temporary straddle. Mental stop on this entry is .45 below entry so 1.55. Ever 45 cents from here represents an oversized so we have 1000% max profit potential on the 530 cDS so we would love to get stopped out of the puts position, that would still leave us with 900% profit 9x oversized profit.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
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